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Chelsea Clinton rakes in $9 million for serving on the board of IAC investment firm...

• https://www.dailymail.co, By EMILY CRANE

Chelsea Clinton has raked in $9 million in the past decade for serving on the board of a media and internet investment company controlled by her mother's friend. 

The former first daughter's shares in IAC/InterActive Corp were valued last week at a whopping $8.95 million, according to financial publication Barron's.  

The 39-year-old, who has been on the IAC board as a director since 2011, receives an annual $50,000 retainer.

She also receives $250,000 in restricted IAC stock units.

The company, which has an ownership stake in 150 brands like Vimeo and Tinder, is run by billionaire businessman Barry Diller.

The billionaire, who is the longtime partner of designer Diane von Furstenberg, is a good friend of Chelsea's mother Hillary Clinton.

Shares in IAC have surged in recent years.

It has also seen Clinton's stake sky-rocket.

She reported owning the equivalent of 35,242 IAC shares at the end of December.

Her $8.95 million in shares increased from the $7.2 million she had in June last year and the $6.6 million from October 2018. 


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